Michael Dell Becomes World's Third-Richest Person
On September 8, 2026, Michael Dell surpassed Jeff Bezos to become the third-richest person globally according to Forbes' billionaire rankings. His net worth reached an estimated $267.7 billion as his stake in Dell Technologies grew significantly due to a record high stock price and strong financial performance. Dell's wealth increase was driven by booming demand for AI hardware, with Dell Technologies reporting record quarterly revenue of $47 billion—a 58% year-over-year jump—and raising its full-year guidance. The company’s AI-optimized server segment alone generated $16.4 billion in the quarter and has a backlog exceeding $95 billion. Dell's rise reflects broader market trends favoring tech firms with strong AI capabilities, positioning him ahead of Mark Zuckerberg and Larry Ellison while trailing only Larry Page and Elon Musk.
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Topics: AI hardware demand Dell Technologies stock performance Forbes Billionaire List Jeff Bezos Michael Dell